Here are true and honest tips that will help you decide on whether you should lease or buy a car:

Tip 1: Assess your capability to pay. If you have ample amounts of cash for a down payment then buying is the better choice for you–considering that you really want to part with a significant amount of cash. Let’s get it straight: if you have enough money on your bank account, have a good credit standing (or an outstanding credit score) and has a job that can faithfully supply you with money for monthly payments then you need not think twice about buying a new car. Oh, and never forget to plan for future expenses, too.

Tip 2: If you are the type of person who is constantly shuffling in-between jobs and only have moderate amounts (okay, small amounts) of money in your bank account then you should consider leasing. Here’s another tip: choose a compact or sub compact car when leasing a car. Why? Because small cars are cheaper and require less maintenance as well. This will also give you the opportunity to enjoy the lowest monthly payments in the market. How low? Try less than $199 monthly. If you cannot afford that then you are better off with a horse.